Western Wealth Management LLC increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 8.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,124,695 shares of the company’s stock after purchasing an additional 88,340 shares during the period. Capital Group Dividend Value ETF makes up about 1.8% of Western Wealth Management LLC’s portfolio, making the stock its 6th biggest holding. Western Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $47,845,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in CGDV. Bay Harbor Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF in the 4th quarter valued at $32,000. Tucker Asset Management LLC bought a new stake in Capital Group Dividend Value ETF during the 4th quarter worth $32,000. Flagship Wealth Advisors LLC acquired a new position in Capital Group Dividend Value ETF in the 4th quarter worth about $32,000. Triumph Capital Management acquired a new position in Capital Group Dividend Value ETF in the 3rd quarter worth about $32,000. Finally, TD Capital Management LLC bought a new position in Capital Group Dividend Value ETF in the fourth quarter valued at about $34,000.
Capital Group Dividend Value ETF Trading Down 0.2%
NYSEARCA:CGDV opened at $51.13 on Wednesday. Capital Group Dividend Value ETF has a 1-year low of $40.64 and a 1-year high of $51.49. The stock’s 50-day moving average is $49.13 and its 200-day moving average is $46.70. The stock has a market cap of $38.78 billion, a P/E ratio of 26.59 and a beta of 0.88.
Capital Group Dividend Value ETF Profile
The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.
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Want to see what other hedge funds are holding CGDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report).
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